Global oil production fell by 1% in 2024 while demand continued to grow, widening the supply gap, OPEC reported.

Oil prices fell on Thursday after gaining 3% in the previous session as investors are wary higher U.S. tariffs may be reinstated, which could cause lower fuel demand, and as major producers are ...

Oil futures extended losses in the mid-Asia session today, falling over 1% as traders turned cautious ahead of the US non-farm payrolls report and other key data that could ...

Saudi Arabia's oil exports jumped to the highest level in more than a year in June as the kingdom shipped more crude to ...

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a potential shortfall of 23 million barrels per day (bpd) ...

Crude oil prices held steady as traders balanced expectations of rising OPEC+ supply with a surprise U.S. inventory build.

The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million ...

Bearish oil outlook ahead as OPEC+ output jumps, demand growth slows, and geopolitical premiums fade, keeping crude oil ...

The Organisation of the Petroleum Exporting Countries (OPEC) has projected a 23 million barrels per day oil supply shortfall by 2023 without upstream investments of up to $17.4 trillion. It said the ...

Output for March 2025 was revised higher by 2 kb/d and April 2025 output was revised higher by 128 kb/d compared to last ...

(Reuters) -Brent crude will likely retrace to around $60 per barrel by early next year, with the market being well supplied ...

Price have been kept in check by expectations that the Organization of the Petroleum Exporting Countries and its allies including Russia, know as OPEC+, will boost its August crude oil output by an ...